Nice Analysis!
Even though its doing 45% of the total power transmission in India, and with 85% of inter-regional capacity - why is the “Tariff based competitive bidding” still less than 10% of its revenue?
I understand profitability might be lower in this revenue model but would it not also indicate that its able to beat competition and gain market share. Correct me if wrong, but this is the only way i see it can break from the dependance on the CERC tariff regulations every 5 years…
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